Lazard Emerging Correlations

Mutual Funds . USA . 
Fund . Lazard Emerging Markets
LEAOX Fund  USD 12.54  0.06  0.48%   
The current 90-days correlation between Lazard Emerging Markets and Ashmore Emerging Markets is 0.63 (i.e., Poor diversification). The correlation of Lazard Emerging is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Lazard Emerging Correlation With Market

Weak diversification

The correlation between Lazard Emerging Markets and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lazard Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lazard Emerging Markets. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with LAZARD Mutual Fund

  0.71OCMPX Lazard InternationalPairCorr
  0.84LZFOX Lazard Equity FranchisePairCorr
  0.89LZEMX Lazard Emerging MarketsPairCorr
  0.9LZESX Lazard InternationalPairCorr
  0.84LZFIX Lazard Equity FranchisePairCorr
  0.7LZHYX Lazard Corporate IncomePairCorr
  0.88LZIEX Lazard InternationalPairCorr
  0.88LZIOX Lazard InternationalPairCorr
  0.7LZHOX Lazard Corporate IncomePairCorr
  0.92LZISX Lazard InternationalPairCorr
  0.95LZOEX Lazard Emerging MarketsPairCorr
  0.9LZSIX Lazard InternationalPairCorr
  0.92LZSMX Lazard InternationalPairCorr
  0.9LISIX Lazard InternationalPairCorr
  0.86LISOX Lazard InternationalPairCorr
  0.66UMNIX Lazard Short DurationPairCorr
  0.63UMNOX Lazard Short DurationPairCorr
  0.87RALIX Lazard Real AssetsPairCorr
  0.87RALOX Lazard Real AssetsPairCorr
  0.87RALYX Lazard Real AssetsPairCorr
  0.99ECEOX Lazard Emerging MarketsPairCorr
  0.99ECEIX Lazard Emerging MarketsPairCorr
  1.0READX Lazard Emerging MarketsPairCorr
  0.82GLFOX Lazard Global ListedPairCorr
  0.82GLIFX Lazard Global ListedPairCorr
  0.7ICMPX Lazard InternationalPairCorr
  0.92IEAIX Lazard InternationalPairCorr
  0.92IEAOX Lazard InternationalPairCorr

Moving against LAZARD Mutual Fund

  0.35LZCOX Lazard Small MidPairCorr
  0.43RUSRX Lazard Systematic SmallPairCorr
  0.35LZSCX Lazard Small MidPairCorr
  0.4LUSOX Lazard FundsPairCorr
  0.39LUSIX Lazard FundsPairCorr

Related Correlations Analysis

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